Citizens Bancshares Cash Flow - Quarterly (OTCMKTS:CZBS)

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$9.5 $0.05 (0.53%) CZBS stock closing price May 26, 2017 (Closing)

The Citizens Bancshares cash flow statement helps investors understand how well the company is managing its cash flows. This statement shows details about the cash generated and spent during a particular quarter, while the other two statements give details about Citizens Bancshares profits and Citizens Bancshares debt. Items like capital purchases, bank loan payments etc. which have a direct impact on the cash position of a company come out through the statemement of cash flows and help an investor who undertakes the Citizens Bancshares stock analysis. Citizens Bancshares generated $1.36M cash from operating activities in 2016-Q3. Citizens Bancshares has a positive cash and cash equivalents change of $5.29M. View details of Citizens Bancshares cash flows for latest & last 40 quarters.

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Fiscal year is Jan - Dec. 2016-Q3 2016-Q2 2016-Q1 2015-Q4 2015-Q3 2015-Q2 2015-Q1 2014-Q4 2014-Q3 2014-Q2
Citizens Bancshares Net Income Cash Flow
1.65M1.1M0.35M1.81M1.19M0.77M0.42M1.8M1.26M0.88M
Depreciation Depletion Amortization Cash-Flow0.89M0.61M0.39M1.5M1.11M0.78M0.38M1.52M1.12M0.79M
Net Increase (Decrease) in Assets Liabilities-1.43M0.42M-0.01M-1M-0.29M-0.8M-0.39M-0.16M-0.25M-0.67M
Cash From (used in) Discontinued Operations----------
Other Adjustments Net0.24M0.01M0.01M0.03M0.17M0.25M-0.23M0.72M0.57M0.11M
Citizens Bancshares Net Cash from (used by) Operating Activities
1.36M2.16M0.76M2.35M2.19M1.01M0.17M3.88M2.71M1.12M
Increase (Decrease) in Prop Plant And Equipment-0.84M-0.8M-0.09M-0.29M-0.25M-0.12M-0.07M-0.35M-0.05M-0.04M
Acquisition Disposition of Subsidiaires----------
Increase (Decrease) in Investments1.05M10.73M5.74M1.63M9.53M3.51M11.18M16.7M12.6M7.54M
Other Cash Inflow (Outflow) from Investment Activities-10.67M-10.42M-2.31M4.09M5M-3.26M-2.58M-4.61M0.45M-1.65M
Citizens Bancshares Net Cash from (used by) Invesment Activities
-10.46M-0.49M3.34M5.44M14.27M0.13M8.52M11.73M12.99M5.84M
Issuance (Purchase) of Equity Shares---0.05M0.14M---0.11M--
Issuance (Repayment) of Debt Securities-0.01M-0.01M-0.01M4.98M-0.01M-0.01M-0.01M-0.01M-0.01M-0.01M
Increase (Decrease) in Bank & Other Borrowings----------
Payment of Dividends & Other Cash Distributions-0.35M-0.29M-0.05M-0.4M-0.35M-0.29M-0.05M-0.4M-0.35M-0.29M
Other Cash from (used by) Financing Activities14.76M22.32M13.54M-12.02M-15.47M-3.79M2.37M3.92M10.97M16.56M
Citizens Bancshares Net Cash from (used by) Financing Activities
14.39M22.02M13.42M-7.31M-15.83M-4.09M2.31M3.61M10.61M16.26M
Effect of Exchange Rate Changes on Cash----------
Citizens Bancshares Net Change in Cash & Cash Equivalents
5.29M23.68M17.53M0.48M0.63M-2.95M11.01M19.24M26.32M23.23M
Cash & Equivalents at Beginning of Year29.16M40.18M33.45M23.79M27.07M16.14M8.18M8.61M11.28M10.87M
Cash & Equivalents at Year End54.19M72.58M66.43M48.89M49.04M45.46M59.42M48.41M55.49M52.39M
All figures in USD. M: Millions of USD, B: Billions of USD.
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Citizens Bancshares stock comparison chart provides an easy way to compare the stock price with peers along with details of Citizens Bancshares stock price history.
The statement of cash flows can be categorized into three main sections:
  • Citizens Bancshares has cash of $54.19M on hand. A healthy amount of cash on hand is necessary for any company. Cash has an opportunity cost associated with it, and too much cash in bank may mean that the firm has no or limited growth plans. Hence its important to track the Net Change in Cash and Cash Equivalents along with the Citizens Bancshares stock price.
  • Cash Flow from operating activities: Operating activities include the core business activities. This line item refers to the cash generated from the same and stood at a positive value of $1.36M for CZBS.
  • Cash from investing stood at a negative value of $-10.46M for CZBS stock. A company with surplus cash usually thinks of re-investing it in the form of buying fixed assests, or purchasing plant/ machinery which will help grow the business further. By looking at cash flow from investment activities one can check where the company is putting its cash.
  • Cash flow from financing activities shows the flow of cash between Citizens Bancshares and its owners and creditors and was $14.39M for 2016-Q3. Financing activities allow a company to raise capital, and repay bondholders.
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